Aferian Plc Stock Market Value
| AOECF Stock | USD 0.05 0.00 0.00% |
| Symbol | Aferian |
Aferian Plc 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Aferian Plc's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Aferian Plc.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Aferian Plc on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Aferian Plc or generate 0.0% return on investment in Aferian Plc over 30 days. Aferian Plc is related to or competes with Copa Holdings, United Airlines, Delta Air, SkyWest, and Allegiant Travel. Amino Technologies plc, together with its subsidiaries, develops Internet Protocol television software technologies and ... More
Aferian Plc Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Aferian Plc's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Aferian Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 50.0 |
Aferian Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aferian Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aferian Plc's standard deviation. In reality, there are many statistical measures that can use Aferian Plc historical prices to predict the future Aferian Plc's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.81) | |||
| Total Risk Alpha | (1.74) | |||
| Treynor Ratio | (2.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aferian Plc's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Aferian Plc Backtested Returns
Aferian Plc secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of standard deviation over the last 3 months. Aferian Plc exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aferian Plc's mean deviation of 1.49, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aferian Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aferian Plc is expected to be smaller as well. At this point, Aferian Plc has a negative expected return of -0.78%. Please make sure to confirm Aferian Plc's standard deviation and the relationship between the treynor ratio and day typical price , to decide if Aferian Plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Aferian Plc has no correlation between past and present. Overlapping area represents the amount of predictability between Aferian Plc time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Aferian Plc price movement. The serial correlation of 0.0 indicates that just 0.0% of current Aferian Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aferian Plc lagged returns against current returns
Autocorrelation, which is Aferian Plc pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Aferian Plc's pink sheet expected returns. We can calculate the autocorrelation of Aferian Plc returns to help us make a trade decision. For example, suppose you find that Aferian Plc has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Aferian Plc regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Aferian Plc pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aferian Plc pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aferian Plc pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Aferian Plc Lagged Returns
When evaluating Aferian Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aferian Plc pink sheet have on its future price. Aferian Plc autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Aferian Plc autocorrelation shows the relationship between Aferian Plc pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Aferian Plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Aferian Pink Sheet
Aferian Plc financial ratios help investors to determine whether Aferian Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Aferian with respect to the benefits of owning Aferian Plc security.